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All superlative indices produce similar results and are generally the favored formulas for calculating price indices. [14] A superlative index is defined technically as "an index that is exact for a flexible functional form that can provide a second-order approximation to other twice-differentiable functions around the same point." [15]
Index numbers are used especially to compare business activity, the cost of living, and employment. They enable economists to reduce unwieldy business data into easily understood terms. In contrast to a cost-of-living index based on the true but unknown utility function, a superlative index number is an index number that can be calculated. [1]
For example, a Törnqvist index summarizing labor input may weigh the growth rate of the hours of each group of workers by the share of labor compensation they receive. [7] The Törnqvist index is a superlative index, meaning it can approximate any smooth production or cost function. "Smooth" here means that small changes in relative prices for ...
Download as PDF; Printable version; In other projects ... (7 C, 9 P) S. Lists by size (6 C, ... List of superlative trees in Sweden; W.
It can also create fillable forms via PDF or the Forms tab. Calc: A spreadsheet program, similar to Microsoft Excel or Lotus 1-2-3. It has several unique features, including a system which automatically defines series of graphs, based on information available to the user. [clarification needed] [22] [23] Impress
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The iPad version was released on January 27, 2010. [4] The app was later updated to support iPhone and iPod Touch. Column chart of Mac worldwide quarterly sales, made with Numbers. Numbers uses a free-form "canvas" approach that demotes tables to one of many different media types placed on a page.
The Malmquist Index (MI) is a bilateral index [a] that can be used to compare the production technology of two economies. It is named after Professor Sten Malmquist, on whose ideas it is based. It is also called the Malmquist Productivity Index. The MI is based on the concept of the production function. This is a function of maximum possible ...